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Industrial policy |
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Industrial policyGovernment policy to influence which industries expand and, perhaps implicitly, which contract, via subsidies, tax breaks, and other aids for favored industries. The purpose, aside from political favor, may be to foster competitive advantage where there are beneficial externalities and/or scale economies.Similar MatchesIndustrial productionIndustrial productionA statistic determined by the Federal Reserve Board focusing on the total output of all US factories and mines on a monthly basis. Used as an economic indicator. De-industrializationDe-industrializationA decline over time in the share of the manufacturing in an economy, usually accompanied by growth in the share of services. Typically accompanied by an increase in manufactured imports, it may raise concern that the country is losing valuable economic activity to others. Standard Industrial Classification (SIC)Standard Industrial Classification (SIC)A code system that designates a unique business activity classified by industry. Import substituting industrializationImport substituting industrializationA strategy for economic development based on replacing imports with domestic production. (ISI) Industrial revenue bond (IRB)Industrial revenue bond (IRB)A bond issued by local government agencies on behalf of corporations. Further SuggestionsNewly Industrializing EconomyIndustrial concentration Dow Jones Industrial Average Newly Industrializing Country Industrial Tax Exemption Industrials industrial life assurance |
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